What is 580 Basis Points as a Percentage?

580 basis points equals 5.8%

Percentage Based on Basis Points
Basis Points Based on Percentage
Basis Points
Convert 580 Basis Points to a Percentage
A basis point is often used with loans and other financial topics. 1 basis point is equal to 1 hundredth of a percent. 1% is equal to 100 basis points.

To convert 580 basis points to a percentage, use the following formula: 580 / 100 = 5.8%.
Real World Example
Let's say that interest rates are currently 5.8%. However, they are set to increase by 25 basis points. The new interest rate will be 6.05%.